SYNGENE: A Confluence of Demand Zones Worth Watching
Understanding the market moves through the lens of demand and supply zones can give traders a critical edge. I’ve been looking at SynGene International ( NSE:SYNGENE ), and I think it’s at a super interesting level right now. Let me break it down for you in a simple way!
📈 Why SynGene Looks Promising Right Now
Triple Timeframe Demand Zone Confluence : NSE:SYNGENE is trading in demand zones across the 75-minute, 125-minute, and daily timeframes. This rare alignment of zones suggests that "smart money" may be active here. Demand zones represent areas where unfilled buy orders are likely to exist, making this confluence a highly positive factor for demand-supply zone traders.
Absence of Supply Zones : No supply zones are visible on the current timeframes or even on the weekly chart. This indicates that price movement may face minimal resistance ahead. The absence of supply zones on the higher timeframe (weekly) places the stock in a "wholesale area" as per Curve (location) analysis.
Quality Demand Zone : The demand zones currently in play were instrumental in driving the price to an all-time high in the past. These zones follow-through candles broken multiple tested resistance levels, demonstrating their strength.
Act of Polarity : While the price is not precisely in the demand zone right now, it is trading at a level that previously acted as resistance. This "act of polarity" (where resistance becomes support) adds another layer of technical validity to this setup.
Uptrend on Higher Timeframe : The higher timeframe trend for SynGene remains upward, aligning well with the idea of buying on demand zones.
🎯 Key Trading Considerations
- Entry Strategy : Look for entry opportunities near the demand zone, ensuring your stop-loss (SL) is placed below the distal line of the demand zone with a buffer.
- Risk Management : Aim for a minimum 1:2 risk-reward ratio for your first target. If the price moves further upward, consider trailing your stop-loss to capture extended rallies.
- Safety is Key : While the setup is promising, remember that no setup is foolproof. Discipline with stop-losses.
Lastly, thank you for your support. Feel free to ask if you have any questions.
📢 Disclaimer : This analysis is purely for educational purposes and is not intended as a trading or investment recommendation. Please note, I am not a SEBI-registered analyst. Always consult with a financial professional before making trading or investment decisions.
Demandandsupplyzones
Nifty50 & Nifty500 Hits Critical Demand Zone: Ready for Bounce?Indian stock market has been in a downward for over a month, Let’s dive into the technical setups and explore potential scenarios.
🔥 Demand Zone Insight: Drop-Base-Rally (DBR) at Play
On Friday, Nifty 50 entered a demand zone, specifically a Drop-Base-Rally (DBR) zone — an area often indicating unfilled orders from institutional buyers. In strong markets, simply entering the zone could signal a buying opportunity. However, since the broader trend has been downward, it’s more prudent to look for confirmation.
Today, Nifty 50 delivered that confirmation entry by forming a bullish candle within this demand zone, suggesting that the price may now have the support it needs to reverse direction. This type of entry confirms that buyers are stepping in, providing traders a more reliable basis to consider potential setups.
📊 Nifty 500: Inside Bar as Additional Confirmation
For traders who prefer further confirmation, the Nifty 500 presents an interesting setup. After hitting a key support level last Friday, the index printed a bearish candle (-1.27%) followed by a small, 0.67% bullish candle today — a formation known as an inside bar .
🛠️ Trading the Inside Bar: Breakout Signals
An inside bar indicates price consolidation and often precedes a breakout. By waiting for this breakout, traders can add another layer of confirmation before entering.
Bullish Breakout : A price rise above today’s high could signal a potential reversal and strengthen bullish momentum.
Bearish Continuation : If the price falls below today’s low, we may see the downtrend continue.
⚠️ Final Thoughts 📉
Nifty 50’s demand zone and today’s bullish candle hint at an early sign of a potential reversal. However, with the daily trend still pointing downward, a more cautious approach may be wise. Waiting for additional confirmation through an inside bar breakout in Nifty 500 could provide stronger validation. If tomorrow Nifty 500 breaks above today’s high, this would confirm the inside bar breakout, offering a clearer reversal signal and a green light to plan buy entries in selected stocks based on your setups. Conversely, if Nifty 500 breaks below today’s low, it may indicate a continuation of the downtrend.
Lastly, Thank you for your support, your likes & comments.
"Successful trading is the art of waiting for the perfect moment." 📈
This analysis is purely for educational purposes and is not intended as a trading or investment recommendation. Please note, I am not a SEBI-registered analyst.
Kopran Basic Demand Supply in Price Action with Waves.Kopran if we observe price action we can see basic demand supply theory on charts
In Feb 2024 it reached 292 levels & with good supply it pull backed towards 200 levels in march.
Again in April it tried to reclaim 292 levels but with more supply it rolled back to 200 levels.
In Aug 2024 it managed to absorb all supply & trade above 292 levels then every pull back towards 292 became demand zone it happened in 1st week of Sept now we are at same pattern in first week of Oct.
Its looks like Wave 4 pullback which is 50% retracement of wave 3 rise so idealy wave 5 can take price 400 levels confirmation will be trade above 310.
SUMICHEM - Taking support at weekly zone, identified on DailySUMICHEM - Taking support at weekly zone, identified on Daily on 29-09-2024
Stock has given an explosive candle earlier showing good break above weekly supply zone. Now came down to retest the same zone so it can be a good opportunity to add with minimum margin of safety.
Important levels and SL mentioned on the chart
Unlocking Options Trading : The Power of Demand and Supply Part1The Indian options market has experienced a remarkable growth of nearly 8 times since the pre-COVID era. This surge in volume and transactions has created new opportunities for retail traders and investors. While the NSE initially traded only Nifty and Bank Nifty, it now offers a wider range of indices like Midcap Nifty, Nifty Financial Services, Sensex, and Bankex. Despite increased participation, liquidity remains a concern for some instruments.
This article explores how the Demand and Supply strategy can be applied to options trading. I have been personally trading demand and supply strategy for over 13 years and have seen the power of this strategy working for any asset class for that matter be it the Indian markets or even the Global markets. Now the question arises can we use the Demand and Supply strategy for trading options and the plain simple answer is “Absolutely Yes!!”.
Today I am going to show how we can combine demand and supply and Options together to gain a superlative edge. Let us basically talk first about what is a demand zone? A demand zone is an area on the price chart where price has significantly moved to the upside creating a footprint of “Strong Buyers” and a supply zone is an area on the price chart where price has moved down significantly creating a footprint of “Strong Sellers”. As you can see in the above chart I have plotted the demand zone(Green) and supply zone(Red). These are the areas on the price chart where one can expect the price to turn.
Now if one want to switch gears and trade options what are the options that are available for a trader.
a. Upside Movement( Demand Zone)
b. Sideways Movement ( Middle of Demand & Supply)
c. Downside Movement( Supply Zone)
So the trader first needs to identify where the price is in context of the Demand and Supply zones. If the price is closer to Demand one can plan a bullish trade, if price is closer to supply zone one can plan a bearish trade and if prices are in the middle one can plan a sideways trade. As per the above example price is closer to a supply zone on the BNF so it will be more prudent for the trader to setup a trade in Options with a bearish perspective based on the demand and supply strategy.
In the world of options there are 2 types :
1. Call Options
2. Put Options
Buying Calls gives the right to buy and buying puts give the right to sell however one can even sell options and when one does that he has the obligation to sell in case of calls and obligation to buy in the case of puts
For an absolute layman this makes the process of understanding options a lot harder than what options actually are so we are going to breakdown these 4 positions and corelate these 4 positions with demand and supply. As an options trader one can create 4 positions.
1. Buy Call
2. Buy Put
3. Sell Call
4. Sell Put
We are going to break down these 4 positions into simple mathematical signs to arrive at a decision that out of the above 4 options strategies which is to be implemented in Demand Zone and which one is to be implemented in a Supply Zone. Let us break down these 4 positions as follows :
Buy --> “+”
Calls-->“+”
Sell --> “-“
Puts -->”-“
1. Buy Calls => + * + = +
Since the outcome is positive, we always implement a positive position at a Demand Zone therefore Buy Call as a strategy should be implemented only at Demand and cannot be implemented at Supply
2. Buy Puts ==> + * - = -
Since the outcome is negative, we always implement a negative position at a Supply Zone therefore Buy Put as a strategy should be implemented only at Supply and cannot be implemented at a Demand Zone
3. Sell Calls --> - * + = -
Since the outcome is negative, we always implement a negative position at a Supply Zone therefore Sell Call as a strategy should be implemented only at Supply and cannot be implemented at a Demand Zone
4. Sell Puts --> - * - = -
Since the outcome is positive, we always implement a positive position at a Demand Zone therefore Sell Put as a strategy should be implemented only at Demand and cannot be implemented at Supply
Thus by using simple mathematical signs we have made a complex understanding easy to follow where now a demand and supply trader knows and understand that which are the two strategies he can implement at a Demand Zone and which are the two strategies that can be implemented at a Supply Zone
Based on these calculations, we can determine the appropriate options strategies for different price levels:
• Demand Zone: Buy Call or Sell Put
• Supply Zone: Buy Put or Sell Call
I hope you found the previous explanation clear. Now that you understand how to connect demand and supply with options, let's discuss how to determine whether to buy or sell options. Is the Demand and Supply strategy enough or are there other factors to consider?". We will talk about that in Part 2 of Unlocking Options Trading : The Power of Demand and Supply Strategy
IZMO : Breakout CandidateSwing Setup
IZMO : Risky Trade but worth it
>> Huge TWS Visible on the Left Side
>> Price currently near Bottom of TWS, Spike Expected
>> W pattern also visible which can breakout
>> Inside Bar forming at the Bottom of W pattern
>> Highlighted supply zone : Almost 12% till there
>> If Breaks Supply zone, Another 12% on cards
>> Trendline Breakout also coinciding with W pattern Breakout
>> SL u can consider 380 levels
Risky Trade but so much Learnings, Chart filled with lot of concepts....which is actually lot of confirmations
Totally Worth Trading this setup with low Risk
Swing Traders can lock 10% profit & keep trailing
Please give a Boost or comment if u r Liking the analysis & Learning from it. Keep showing ur Love by following
Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
TIPS INDUSTRIES - RRR Looks Attractive!Overview & Observation:
1. Rejection from demand zone.
2. EMA trend confirmation.
3. RSI strength and momentum confirmations.
Trade Plan:
1. RRR is good (1:5)
2. ENTRY= CMP
3. SL = 10-12%
4. TARGET = 50%++
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
ASTER DM HEALTHCARE - Swing Trade Analysis - 23rd June #stocksASTER DM HEALTHCARE (1W TF) - Swing Trade Analysis given on 23rd June, 2024
Pattern: BACK AT WEEKLY SUPPORT ZONE
- 8 Weeks Consolidation at Weekly Support Zone - Done ✓
- Strong Weekly Volume Buildup at Support Zone - Done ✓
- Demand Zone Consolidation & Retest - In Progress
* Disclaimer
ADANI ENERGY SOLUTIONS - Swing Trade Analysis - 30th July #stockADANI ENERGY SOLUTIONS (1W TF) - Swing Trade Analysis given on 30th July, 2024
Pattern: RECTANGLE BOX SETUP
- Weekly Resistance Breakout Initiated - Done ✓
- Weekly Volume Buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation (for a small SL and a better RR) - In Progress
* Disclaimer
NETWORK18 MEDIA - Swing Trade Analysis - 28th July #stocksNETWORK18 MEDIA (1D TF) - Swing Trade Analysis given on 28h July, 2024
Pattern: FALLING WEDGE BREAKOUT
- Weekly Resistance Trendline Breakout - Done ✓
- Weekly Support Consolidation with Volumes buildup - Done ✓
- Strong Pullback from Weekly Support Level - Done ✓
- Demand Zone retest for a Small SL and a better RR - In Progress
* Disclaimer
7"NYKKA" FSN ECOMMERSE VENTURES LTD 28 WEEKS BREAKOUT WITH 1. NYKKA given a breakout in 135 days (28 Weeks) high and packed with the volume of 53.22M, And NYKAA' s last 30days average volume is 7.33M.
2. It was Created a range contraction between 139.8 to 195.50 (55.70 points, 39.84%), After this breakout this range might expand up to 111.4 points. In price levels the expansion will be leads to 306.9 levels.
3. Based on the Historical price action from 11th April 2022 to as of now there is no potential supply zones in Higher Timeframe like Weekly & Monthly between 294.15
4. Based on these analysis we can expect a Midterm price momentum in NYKKA up to 294.15 (94.12 Points, 47.05%) from CMP 200.03
5. In case if price comes down side for a retracement 172 to 178 area will act as a reversal zone because of Demand zone, Parallel EMA's and 0.618 Golden Ratio in of 139.8 to 195.5
CONCLUTION
Buy Trade Aggressive Entry CMP
Conservative Reversal Entry 178, If Price Come
Stoploss 170
Possible Target in Mid-term 294 (Weekly Supply Zone)
TRIDENT LTD. - Swing Trade Analysis - 30th July #stocksTRIDENT LTD (1W TF) - Swing Trade Analysis given on 30th July, 2024
Pattern: RECTANGLE BOX BREAKOUT
- Weekly Resistance Breakout Initiated - Done ✓
- Weekly Volume Buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation (for a small SL and a better RR) - In Progress
* Disclaimer
ADANI GREEN - Swing Trade Analysis - 26th July #stocksADANI GREEN (1W TF) - Swing Trade Analysis given on 26th July, 2024
Pattern: FALLING WEDGE BREAKOUT
- Weekly Resistance Trendline Breakout - Done ✓
- Strong Pullback from Weekly Support Level - Done ✓
- Demand Zone retest for a Small SL and a better RR - In Progress
* Disclaimer
#ADANIGREEN #niftyenergy
CAPITAL TRUST - Swing Trade Analysis - 21st July #stocksCAPITAL TRUST (1W TF) - Swing Trade Analysis given on 21st July, 2024
Pattern: CUP & HANDLE SETUP
- Weekly Support Zone Retest & Consolidation - Done ✓
- Strong Pullback candle with Volumes - Done ✓
- Weekly Resistance Trendline Breakout - In Progress
- Demand Zone retest for a Small SL and a better RR - In Progress
* Disclaimer
CHENNAI PETRO - Swing Trade Analysis - 11th July #stocksCHENNAI PETRO (1D TF) - Swing Trade Analysis given on 11th July, 2024
Pattern: ASCENDING TRIANGLE BREAKOUT
- Weekly Resistance Breakout - Done ✓
- Volume Buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation (for a Small SL and a better RR) - In Progress
Please Note:
- Since the market is at a precarious spot at its levels, we need to be careful & mindful with our entries and position sizing
- Always work in probabilities and always keep your SL in play constantly
* Disclaimer
RITES LTD - Swing Trade Analysis - 13th July #stocksRITES LTD (1W TF) - Swing Trade Analysis given on 13th July, 2024
Pattern: RECTANGLE BOX BREAKOUT
- Weekly Resistance Breakout - Done ✓
- Weekly Volume Buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation (for a small SL and a better RR) - In Progress
* Disclaimer
BIRLASOFT - Swing Trade Analysis - 13th July #stocksBIRLASOFT (1W TF) - Swing Trade Analysis given on 13th July, 2024
Pattern: REVERSAL FROM WEEKLY SUPPORT
- 5 Weeks Consolidation at Weekly Support Zone - Done ✓
- Strong IT Sector Weekly Breakout - Done ✓
- Accumulation with Volume Buildup at Support Zone - Done ✓
- Demand Zone Consolidation & Retest - In Progress
* Disclaimer
SJVN - Swing Trade Analysis - 12th July #stocksSJVN (1W TF) - Swing Trade Analysis given on 12th July, 2024
Pattern: ASCENDING TRIANGLE BREAKOUT
- Weekly Resistance Breakout - Done ✓
- Volume Buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation (for a Small SL and a better RR) - In Progress
Please Note:
- Since the market is at a precarious spot at its levels, we need to be careful & mindful with our entries and position sizing
- Always work in probabilities and always keep your SL in play constantly
* Disclaimer
NIFTY PHARMA Sector Analysis - 10th July, 2024NIFTY PHARMA Sector Analysis (1W TF) - 10th July, 2024
- After the breakout of the box consolidation in beginning of June, 2024
- The entire set of stocks in this sector has been showing continuous strength
- Looks like there is a little more steam for the sector till it hits a pause at the resistance
- Even with todays volatility the stocks showed some good pullbacks towards the end of the day
Stocks in Focus:
- Will be keeping a close eye on SYNGENE & GLAND (on a weekly time frame)
- Going to wait it out for another day for the charts to form to give a sense of clarity
Sector Stocks that have shown continuous strength from beginning of 2024:
- Auropharma, Biocon, Divislab, Glenmark etc
Sector Stocks that have show reversals since June, 2024:
- AbbotIndia, Alkem , Cipla, DrReddy, Gland etc
* Disclaimer
NIFTY50 - Weekly Index Analysis - 9th July #nifty50 NIFTY50 Update (as on 9th July, 2024)
- Here's an updated analysis on a Weekly Time Frame
- As mentioned, if the Nifty rises above these levels; then keep booking your profits in time. Holding your capital is better than holding onto an unnecessary extended loss
- Since Nifty is at a psychological level we need to start being extremely cautious and mindful about our portfolio holdings
- As always, please keep your SL in play for new positions and for exisiting positions keep your TSL tight
- If there is a correction that happens and you'll are sitting on capital, then choose your swing trades wisely at supports zones and position size mindfully
- And always remember that corrections are good and should be welcomed for bigger growth and stronger upward moves
- India's Growth story will still be on track
* Disclaimer
Become Emotionless & Trade Ryte
#nifty50 #weeklyanalysis
AARTI DRUGS - Price Observation & OverviewPrice Observation & Overview:
1. Currently reacting from the supply zone and trendline.
2. Volumes are dry!
3. Earnings are weak.
4. Buying strength is lacking at the moment.
Plan:
1. Wait and observer.
2. Will try to update a follow-up review post in the next week if found anything interesting and significant...
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray